Use of Corporate Funds. Pay out any funds to any company or person except (a) in the ordinary course of business in connection with the management of the business of the Borrowers and the Guarantor, including the operation and/or repair of the Vessels and (b) the servicing of the indebtedness to the Lenders;
Appears in 3 contracts
Samples: Term Loan Agreement (Teekay Shipping Corp), Credit Facility Agreement (Teekay Shipping Corp), Term Loan Agreement (Teekay Shipping Corp)
Use of Corporate Funds. Pay out any funds to any company or person except (a) in the ordinary course of business in connection with the management of the business of the Borrowers Borrower and the Guarantorits Subsidiaries, including the operation and/or repair of the Vessels Units and other vessels owned or operated by such parties and (b) the servicing of the indebtedness to Indebtedness permitted hereunder (but excluding, any prepayments of any Indebtedness other than the LendersAdvances);
Appears in 2 contracts
Samples: Credit Agreement (Chiles Magellan LLC), Credit Agreement (Chiles Offshore LLC)
Use of Corporate Funds. Pay out any funds to any company or person Person except (a) in the ordinary course of business in connection with the management of the business of the Borrowers Obligors and the Guarantor, including the operation and/or repair of the Vessels and (b) the servicing of the indebtedness Indebtedness to the LendersBanks;
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Samples: Reimbursement and Cash Deposit Agreement (Teekay Shipping Corp), Reimbursement Agreement (Teekay Shipping Corp)
Use of Corporate Funds. Pay (except for the SOYANG Investment and Permitted Drydocking Costs) pay out any funds to any company or person except (a) in the ordinary course of business in connection with the management of the business of the Borrowers Borrower and the Guarantorits Subsidiaries, including the operation and/or repair of the Vessels and other vessels owned or operated by such parties and (b) the servicing of the indebtedness to Indebtedness permitted hereunder (but excluding, any prepayments of any Indebtedness other than the LendersLoan);
Appears in 2 contracts
Samples: Facility Agreement (Omi Corp/M I), Loan Agreement (Omi Corp/M I)
Use of Corporate Funds. Pay out any funds to any company or person except (a) in the ordinary course of business in connection with the management of the business of the Borrowers and the Guarantor, including including, without limitation, the operation and/or repair of the Vessels Rigs and (b) the servicing of the indebtedness to the LendersLenders or indebtedness otherwise permitted by this Agreement;
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Use of Corporate Funds. Pay (except for the SOYANG Investment and Permitted Drydocking Costs) pay out any funds to any company or person except (ai) in the ordinary course of business in connection with the management of the business of the Borrowers Borrower and the Guarantorits Subsidiaries, including the operation and/or repair of the Vessels and other vessels owned or operated by such parties and (bii) the servicing of the indebtedness to Indebtedness permitted hereunder (but excluding, any prepayments of any Indebtedness other than the LendersLoan);
Appears in 1 contract
Samples: Loan Agreement (Omi Corp/M I)
Use of Corporate Funds. Pay pay out any funds to any company or person except (ai) in the ordinary course of business in connection with the management of the business of the Borrowers and the Guarantorany Obligor, including the operation and/or repair of the Relevant Vessels and other vessels owned or operated by any Obligor, and (bii) the servicing of the indebtedness to the LendersIndebtedness permitted hereunder;
Appears in 1 contract
Samples: Term Loan Credit Facility Agreement (SEACOR Marine Holdings Inc.)
Use of Corporate Funds. Pay out any funds to any company or person except (a) in the ordinary course of business in connection with the management of the business of the Borrowers Borrower and the Guarantorits Subsidiaries, including the operation and/or repair of the Vessels Units and other vessels owned or operated by such parties and (b) the servicing of the indebtedness to Indebtedness permitted hereunder (but excluding, any prepayments of any Indebtedness other than the Lenders;Advances); and
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Use of Corporate Funds. Pay out any funds to any company or person except (ai) in the ordinary course of business in connection with the management of the business of the Borrowers and the GuarantorBorrower, including the operation and/or repair of the Vessels and other vessels owned or operated by such parties and (bii) the servicing of the indebtedness to Funded Debt permitted hereunder (but excluding, any repayments or prepayments of any Funded Debt other than the LendersFacility);
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